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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    Meridian E, WA

    • Retail space
    • 17,387 SF
    • 1.69 lot acres
    OFF-MARKET
    Last Sale
    Jun 03, 2025
    $3,500,000
    Value Estimations
    $2,910,000
    Show details
    Cap Rate Potential
    4.8%
    Retail space
    Location Intelligence
    Property ID
    US90-1523144
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 22201

    Year built
    2009
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.69 lot acres
    Property size
    17,387 SF
    Zone code
    RAC
    Property type
    Retail space
    APN
    6026190030
    APU
    6026190030

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,110,000
      ML approach
      $3,160,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,510,000
      6.5%
      $2,320,000
      7%
      $2,155,000

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $4,775,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Meridian E
    County
    Pierce
    State
    Washington
    Longitude
    -122.294
    Latitude
    47.0535
    CBSA code
    42660
    CBSA name
    SEATTLE-TACOMA-BELLEVUE, WA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $56,132
    $1,844,000
    $2,829,200
    $4,673,200
    -
    $1,844,000
    $2,829,200
    $4,673,200

    Comparable in this City

    • Value Estimation
      $535,000
      9,301 SF

      5315th Pt

      RETAIL STORES (PERSONAL SERVICES) • 9,301 SF
      5315th Pt, Fosdick Dr, WA
      View Details
    • Value Estimation
      $880,000
      11,125 SF

      Pr Rd

      RETAIL STORES (PERSONAL SERVICES) • 11,125 SF
      Pr Rd, E, WA
      View Details
    • Value Estimation
      $1,040,000
      32,487 SF

      Borgen Blvd, WA

      RETAIL STORES (PERSONAL SERVICES) • 32,487 SF
      Borgen Blvd, WA
      View Details
    • Value Estimation
      $230,000
      6,911 SF

      148th Ave

      RETAIL STORES (PERSONAL SERVICES) • 6,911 SF
      148th Ave, Ne, WA
      View Details
    • Value Estimation
      $825,000
      25,285 SF

      Judson St, WA

      RETAIL STORES (PERSONAL SERVICES) • 25,285 SF
      Judson St, WA
      View Details
    • Value Estimation
      $545,000
      868 SF

      9400 Key Peninsula Hwy

      RETAIL STORES (PERSONAL SERVICES) • 868 SF
      9400 Key Peninsula Hwy, Nw, WA
      View Details

    Similar Nearby for Sale

    • $1,065,000
      4,260 SF

      Retail Space in Downtown Puyallup

      4,200 SF retail space on 0.31 acre lot.
      817 E Main Ave, Puyallup, WA
      View Details
    • $150,000
      2,400 SF

      Reardan Retail/Office Opportunity

      Highly visible 2,400 SF retail/office building on 0.48 acres.
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      Retail Building on Division Street

      Class A retail building on Spokane's primary retail corridor.
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    • $524,950

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      Commercial property with high visibility and alley access.
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      Cannabis-Zoned Investment Opportunity

      Fully leased cannabis-zoned investment near Washington State University.
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      Issaquah Retail/Office Building For Sale

      Retail and office building in the heart of Olde Town Issaquah.
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    Similar Nearby for Lease

    • $22 SF/Yr
      930 SF

      Retail Space in Monroe, WA

      930 SF retail space available for lease in Monroe.
      19881 Sr 2, Monroe, WA
      View Details
    • Contact for pricing
      1,496 SF

      Burien Retail Space For Rent

      Grocery-anchored retail space with high visibility and ample parking.
      116 Southwest 148 St, Burien, WA
      View Details
    • Contact for pricing
      6,080 SF

      Bonney Lake Retail Space Available

      Retail space available for lease in Bonney Lake, WA.
      22719-22911 Hwy 410 E, Bonney Lake, WA
      View Details
    • $38 SF/Yr
      4,084 SF

      Waterfront Retail Space in Renton

      Modern retail and restaurant space in Renton's waterfront community.
      1083 Lk Washington Blvd N, Renton, WA
      View Details
    • $19 SF/Yr
      5,600 SF

      Retail Space in High Traffic Center

      Retail space available in a high-traffic shopping center.
      1420 E Main Ave, Puyallup, WA
      View Details
    • $30 SF/Yr
      1,786 SF

      Chelan Restaurant/Cafe Space Available

      Italian-inspired restaurant/cafe space in upcoming Chelan development.
      103 Golden Ave, Chelan, WA
      View Details
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    Meridian E, WA
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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